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IN BRIEF: San Leon Energy to purchase loan notes and stake in Decklar

21st Oct 2021 20:38

San Leon Energy PLC - Dublin-based oil & gas exploration company - Enters into a subscription agreement with Decklar Petroleum Ltd, a subsidiary of Decklar Resources, to purchase USD7.5 million unsecured subordinated loan notes of Decklar and 15% of its enlarged share capital.

In addition, Decklar Petroleum and San Leon have entered into an option agreement that entitles San Leon to purchase an additional USD7.5 million of loan notes.

Current stock price: suspended at 40.75 pence

Year-to-date change: up 68%

By Arvind Bhunjun; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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